Salesforce, Inc. (NYSE:CRM) is one of the Trending AI Stocks on Wall Street. On August 28, Cantor Fitzgerald analyst Matthew VanVliet reiterated an Overweight rating on the stock with a $325.00 price target. The rating comes ahead of earnings print on Wednesday, September 3rd.
The firm believes that investors should look out for growth in Data Cloud, Agentforce, Service Cloud, as well as forward pipeline activity heading into Dreamforce.
Continued weakness is expected in marketing and commerce cloud performance, while Sales Cloud growth is likely to demonstrate in-line growth.
Speaking with partners, it has been revealed that AI-powered Agentforce projects are moving forward into Phase II of projects with an estimated 40% of customers likely to expand deployment the next 12 months.
“This is supported by our fieldwork over the past few months, which points to extensive activity around adopting and expanding Data Cloud footprints to power Agentforce, the majority of the latter remains in testing and pilot phases. That said, we have spoken with some partners more recently who are now seeing about 20% of Agentforce projects move forward into Phase II of projects (from 1-2 use-cases to 5-15 broader deployments), with expectations that nearly 40% of customers could be expanding scope over the next 12 months.”
Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.
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